Horizon Watch Report 2024

Introduction

In today’s rapidly shifting global environment, where geopolitical tensions, economic volatility, and the accelerating impacts of climate change are front and center, organizations face unprecedented challenges. The need for adaptive, forward thinking risk management has never been more crucial. By collaborating with Dun & Bradstreet, we bring together TATA AIG’s extensive experience in risk mitigation with Dun & Bradstreet’s unparalleled data analytics capabilities, creating a powerful synergy that delivers actionable insights for businesses

Survey Approach

Under the Horizon Watch initiative, TATA AIG and Dun & Bradstreet have partnered to conduct an in-depth survey on emerging risks facing businesses in India. This research aims to provide a comprehensive understanding of the evolving risk landscape, offering valuable insights into the potential threats and the factors driving them.

The methodology combines both secondary research, utilizing Dun & Bradstreet’s extensive data insights, and primary research through depth interviews and digital questionnaires. This initiative is designed to enhance awareness and preparedness among businesses, helping them navigate the complexities of today’s volatile, uncertain, complex, and ambiguous (VUCA) environment.

Report synopsis

The "Horizon Watch Report: Navigating the Emerging Risk Landscape" highlights the evolving risks businesses face today due to geopolitical tensions, technological advancements, and environmental concerns.

The research delves into the intricate interplay of emerging risks across industries and delivers a nuanced understanding of the challenges unique to each industry as well as business function. While underscoring the key trends contributing to emerging risks for India’s businesses, the report introduces the ‘Impact-Probability- Control’ (IPC) framework for evaluating and assessing the severity of top emerging risks across a range of industries. This report will serve business leaders, risk managers, and decision-makers across various industries in India. It provides valuable insights and recommendations for navigating the complex and dynamic risk landscape.